The Internal Revenue Service renewed calls for businesses to review their eligibility for the Employee Retention Credit as the agency’s law enforcement arm, Criminal Investigation (CI), begins a se
While this advice from the IRS is a little late in coming for this tax season, for those who plan to continue providing services for their clients in using the Information Returns Intake System (IR
If you are an enrolled agent with a Social Security number ending in 7, 8, 9 or those with no SSN, renew your status by January 31 to ensure you receive your new enrollment card before your current
Changes brought about by the 2022 Inflation Reduction Act mean that people on Medicare Part D plans now pay no more than roughly $3,300 on drugs annually—a number that could shift a bit based on wh
Note from Editor: It is not our policy to introduce proposed legislation, however, this bill has some retroactive provisions that may impact the preparation of 2023 federal income tax returns.
National Taxpayer Advocate Erin M. Collins has released her 2023 Annual Report to Congress, describing 2023 as a year of “extraordinary transition for the IRS and therefore for taxpayers.”